Latest Key Developments (Source: Significant Developments)

AJ Lucas Group Ltd : Cuadrilla wins consent to test flow of gas at UK site; UK government's decision 'a watershed' for AJ LUCAS . Centrica will fund £30.6 million of cost of drilling and testing these initial exploration wells . Drilling is expected to commence in q2 of calendar year 2017 .Centrica will £46.7 million on appraisal and development following performance criteria being met in testing upcoming wells.
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: Cuadrilla says uk government approves one of two shale gas fracking permits . Cuadrilla says uk government said it needs more time to decide on second shale gas fracking permit (London Equities Newsroom) ((+44 20 7542 7717;)).
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AJ Lucas Group Ltd : AJ Lucas signs secured bond financing term sheet . Signs secured bond financing term sheet and agrees restructure of its existing debt . Deal for US$45 million of new senior secured debt . Kerogen agrees to restructure and extend its facility . Kerogen investments no.1 (hk) limited agreed to subordinate amounts owing to it by AJ Lucas under existing facility .Intended that financing will primarily be used to settle in full amounts owing to the ato; fund drilling appraisal activities.
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